Most Trusted Insurance Broking Companies Of India-2022

Novel Trends
Emerging
Trends
in Insurance
Broking
ne of the fastest-growing sectors in India and
Oacross the globe is the insurance industry. There
are insurance products like Life, Health, Motor,
and more. With these products, industry figures speak
volumes of the immense opportunities in the market.
in India
In recent years, the Indian insurance sector saw a surge in
the gross premium earned. Still, the penetration of insurance
in India is only 3.7% of the gross domestic product,
which indicates the need to address the challenges and
promote growth.
Adopting emerging trends in the industry is one of the ways
to increase the penetration of insurance.
Accepting the Digital landscape with Cloud Technology
Various sectors across the world are observing some
unexpected changes due to Covid-19. But Reliance on
technology and digital products is one of the trends that
remains common in all industries.
Machine Learning (ML), Artificial Intelligence (AI), the
Internet of Things (IoT), and Intelligent Automation (IA)
are the new-age technologies and emerging trends that will
pave the way to the future of insurance broking.
22 | April 2022 | www.insightssuccess.in